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Issue 08, 2003 (01 August)
 Inside PRD
Construction Design Service in Enormous Demand
China's construction market is worth an estimated Rmb1,600 billion. Given that construction design accounts for 0.5-3% of the construction cost ... (full story)
 Leader
Guangzhou Slashes Initial Capital Injection Ratio
The Guangzhou municipal government has in principle passed a set of provisions on further liberalising market access to expedite economic development ... (full story)

 Policy and Law
New Tax Rules for Foreign-Invested Venture Capital Companies
The State Administration of Taxation has recently issued a circular on new regulations relating to enterprise income tax payable by foreign-invested venture capital companies in China ... (full story)
Seven Key Investment Areas Proposed for New Investment
In view of the increasing inflow of capital from domestic private enterprises and foreign investors (including Hong Kong, Macau and Taiwan) ... (full story)

 Local Policy
New Convenience Stores in Beijing Receive Bank Subsidies
Beijing's Commerce Commission has recently unveiled a package of preferential policies to encourage the establishment of chain-operated supermarkets and convenience stores ... (full story)
Shenzhen Supports Brand Building
In order to promote the development of the private sector, Shenzhen will assist private enterprises (including Hong Kong-funded SMEs and private joint ventures) in their brand building ... (full story)

 Industrial Policy
Commercial Banks to Charge for Services
The China Banking Regulatory Commission (CBRC) has issued the Provisional Measures Governing the Charging Standards of Services by Commercial Banks ... (full story)
Accounting System for Financial Institutions to Come into Force in 2004
In an attempt to raise the quality of accounting information, securities companies, other than listed securities companies and foreign-funded securities firms ... (full story)

 WTO Accession
Foreign-Invested Travel Agencies Allowed in Designated Spots
The National Tourism Administration and Ministry of Commerce have jointly promulgated the Provisional Regulations on the Establishment of Travel Agencies Controlled or Wholly-owned by Foreign Entities ... (full story)

 Emerging Opportunities
Changing Trends in Shanghai's Food Market
Shanghai's food market has maintained a rapid growth following the steady increase in the city's population and people's income ... (full story)

 2008 Olympics
Beijing Slashes Approval Procedures for Tendering
The 2008 Olympics involves plenty of outsourced projects. According to the Beijing Municipal Party Committee, Beijing has started to implement a new set of regulations for tendering ... (full story)

 Human Resources
Guangdong Announces New Regulations on Overtime Pay and Hours
The Department of Labour and Social Security of Guangdong province recently issued a circular on the implementation of the working hours system ... (full story)

 Key to Economy and Trade
Greater Pearl River Delta Strategy under CEPA
The recent signing of the Mainland/Hong Kong Closer Economic Partnership Arrangement (CEPA) marks a milestone in the economic relations between the two places ... (full story)
Development and Financing of Private Enterprises in Guangdong
Current Situation of Private Enterprises:In 2002, GDP of the private economy in Guangdong stood at Rmb186 billion ... (full story)